The typical owner-occupied home in Graham is worth about $233,800, 19% below the North Carolina median of $288,900 and 30% below the national median of $332,700. Owners pay a median $1,570 a year in property taxes, about 0.67% of their home's value, close to the North Carolina rate of 0.66%. The median household earns $56,239 a year, so the median home costs 4.2 times the median income (4.0 times for North Carolina). 53% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Graham at a glance
| Graham | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $233,800 | $288,900 | $332,700 |
| Median property tax paid per year | $1,570 | $1,896 | $3,119 |
| Property tax as a share of value | 0.67% | 0.66% | 0.94% |
| Median household income | $56,239 | $72,388 | $80,734 |
| Homes lived in by their owners | 53% | 67% | 65% |
| Owner homes with a mortgage | 64% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,356 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 19.4% | 21.0% |
| Median rent | $1,071 | $1,228 | $1,413 |
| Rent as a share of renters' income | 28.4% | 29.5% | 30.6% |
| Median year homes were built | 1987 | 1991 | 1980 |
| Vacant homes | 9.5% | 12.5% | 10.1% |
| Population | 18,048 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Graham
At this week's average 30-year rate of 7.11%, buying the median Graham home of $233,800 with 20% down costs about $1,486 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,876, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $63,694 for the 20%-down payment. That payment is 32% of the median Graham household income of $56,239; at that income and 20% down, the 28% guideline points to a home of about $206,000.
The median rent here is $1,071 a month, so owning the median home costs about $415 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $46,760 |
|---|---|
| Loan amount | $187,040 |
| Principal and interest | $1,258 |
| Property taxes (0.67% a year) | $131 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| PMI | $0 |
| Total per month | $1,486 |
Change the numbers in the calculator
| Down payment | $8,183 |
|---|---|
| Loan amount | $229,565 |
| Principal and interest | $1,544 |
| Property taxes (0.67% a year) | $131 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| FHA mortgage insurance | $103 |
| Total per month | $1,876 |
Change the numbers in the calculator
Questions about home buying in Graham
What is the median home value in Graham?
About $233,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Graham?
Homeowners pay a median $1,570 a year, which is about 0.67% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Graham?
For the median home with 20% down at 7.11%, the payment is about $1,486 a month. Keeping that under 28% of gross income takes about $63,694 a year.
More about Graham
- Mortgage Refinance in Graham
- Debt Relief in Graham
- Home Equity Loans in Graham
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data